Shields down

 

Shares in Australian-American defence technology company DroneShield dropped 20 per cent on Wednesday when its American CEO resigned, just a week after its value tanked when its Australian CEO and other senior figures sold tens of millions of dollars' worth of stock.

The company, which manufacturers counter-drone systems and is publicly listed in Australia, announced its US CEO Matt McCrann had resigned from the business, effective immediately.

Drone warfare is advancing faster than governments can react

Drone warfare is rapidly changing modern combat, and many experts believe America is not fully prepared for what’s coming next. Cheap drones, autonomous systems, and swarm attacks are reshaping military strategy worldwide.